Bitcoin's looming drop below $60,000 highlights the persistent bear market and shifting investor focus.
Key Takeaways
Bitcoin is expected to drop below $60,000 due to insufficient marginal buy pressure.
The bear market persists, with Bitcoin likely to test $50,000 to $40,000 levels.
Current market conditions are not favorable, with declining ETF flows and reduced investor attention.
The market has not reached panic capitulation, indicating the bottom is not yet in.
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